Shell has publicly denied any ongoing discussions regarding a potential $80 billion merger with BP, despite reports suggesting otherwise. BP, which has been struggling financially, is undergoing a significant operational shift in early 2025. Shell's focus remains on internal performance and capital management, with no indication of interest in acquisitions. Meanwhile, BP's market cap lags significantly behind its U.S. competitors, raising concerns about its long-term viability. Executives from both companies emphasize their respective strategies and the absence of formal negotiations.
This is further market speculation. No talks are taking place. As we have said many times before, we are sharply focused on capturing the value in Shell through continuing to focus on performance, discipline and simplification.
...the bar is set very high for any acquisitions, and that he was focused on using capital to boost share buybacks.
Collection
[
|
...
]